DSEX crosses 4600-point mark after 7 months

DSEX crosses 4600-point mark after 7 months

 The broader index of Dhaka Stock Exchange (DSE) crossed the 4600-point mark to close the week on Thursday. The other indices of the bourse, however, ended flat in red due to sell pressure on group specific shares.

The major index of Chittagong Stock Exchange (CSE) also closed the week up while two of the selective indices of the bourse finished in red.
DSEX, the prime barometer of the stock market, showed strength on a brief but firm rally and surged to 4601.08 at close, which was the highest in seven months after January 26 this year when the index finished at 4610.10.
“DSEX went up straight above the 4600 level and managed to sustain by banking and construction material stocks”, Lanka Bangla Securities Limited (LBSL) said.

Citing the latest update about capital market investment, it said investors showed enthusiasm in trading after passing a week amid buoyancy with full of economic updates.
Among the major capital market updates, net foreign investments in the stock market tripled year-on-year in the first eight months of the year in anticipation of a positive scenario by the overseas investors, LBSL said.
The blue-chip DS30 and Shariah DSES finished the week flat at 1759.66 and 1108.66 respectively. Compared to last week close, all the three indices, however, finished this week higher.
The daily transaction at the last session of the week was slightly down, but the average trade value and the volume during week was nearly 7.0 percent up from the last week’s transaction.
On an average, 11.96 crore shares changed hands every day during week when the daily average trade value was Taka 598.34 crore.
The market remained for sellers, with 154 issues declining, 148 advancing and 24 remaining static among traded 326 securities.
During the week banking, cement, power and IT sector recovered significantly when Bank Asia, IFIC Bank, Meghna Cement, Doreen Power and IT Consultants were the top five gaining securities.
Gemini Sea Food, United Airways, Grameen One, Modern Dyeing and Reliance were the most lagging issues when sell pressure was mainly on large and mid cap groups.
Like previous week, securities from power, cement and engineering sectors were traded actively when the most liquid shares during the week included SPCL, Lafarge Surma, Doreen Power, MJLBD and Singer BD, reports BSS.


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